People in the News

BIMCO Welcomes EU Decision on Migrants

  BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Another Grant from ExxonMobil to mark World Malaria Day

  ExxonMobil today announced $10 million in new grants to mark World Malaria Day, continuing the company’s 15-year commitment to fighting a disease that is preventable and treatable,

Energy Institute to Adopt Experience of Energy Firms

  Sochi hosted today the 14th meeting of the International Supervisory Board (ISB) of the Energy Delta Institute (EDI) as well as an international meeting of the

Long Beach, Los Angeles ports host forum to gather input

  More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Protesting Japanese Arrested for landing drone on PM's office

  A Japanese man has been arrested for landing a drone on the prime minister's office with a minuscule amount of radiation in an apparent protest against the use of nuclear power,

Peru Postpones Bidding on Oil Blocks Amid Price Collapse

  Peru will hold off on launching an international auction for 25 oil blocks in the first half of 2015 as energy companies grapple with low crude prices, the country's

Arctic Nations to Fight Climate Change Despite Russia Tensions

  The eight Arctic Council nations pledged on Friday to do more to combat climate change that is shrinking the vast frigid region, with countries trying to put

Monforte Quits Petrobras Board

Jose Guimarães Monforte quit his position on the board of directors of Petroleo Brasileiro SA on Friday, two days after he abstained from voting to approve the company's audited financial statements,

Venezuela Probes ex-minister accused of corruption in Ferry Deals

  A former minister in President Nicolas Maduro's government denied in an interview published on Friday accusations of corruption during the purchase of three

Oil Exec McClendon Faces US Antitrust Probe

Aubrey McClendon, the former CEO of Chesapeake Energy Corp, is under investigation by the U.S. Department of Justice for potential antitrust violations related to leasing oil and gas properties,

Alfred Hartmann: New Captain on the Bridge at VDR

Shipping owner Alfred Hartmann is the new President of the Association of German Shipowners (VDR). For the first time a mid-size company owner is at the helm of the VDR,

Ingram Barge’s Sehrt Elected AWO Chairman

The members of the American Waterways Operators (AWO), the national trade association representing the tugboat, towboat and barge industry, elected a new slate

Maritime Casualty Forum Held in Singapore

More than 250 shipping and insurance professionals gathered for the first ever Asian Maritime Casualty Forum held during Singapore Maritime Week.   The two-day conference,

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The

EU Sees Progress Towards UN Climate Deal

EU sees China, Canada, S.Arabia making climate plans by June; India, Brazil, Indonesia to miss EU's target deadline. The European Union expects that countries

Japan Hikes Emission Cut Goal by 25 pct

Japan is considering cutting emissions of greenhouse gases by around 25 percent by 2030, up from an earlier target of about 20 percent, as its contribution to a

Russia's Arctic Field to Double Output

Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, plans to more than double oil output this year at the Prirazlomnoye field, Russia's sole Arctic offshore oil project,

Fifty Mali Migrants Among Hundred Drowned in Med

At least 50 Malians from the impoverished region of Kayes were among up to 900 migrants who drowned trying to cross from Libya to Europe this weekend, the government said on Friday.

Asia Tankers-VLCC Rates Soar

Middle East VLCC rates hit $69,500 a day; daily VLCC rates average $51,000, highest since 2008 (Clarkson). Rates for very large crude carriers (VLCCs) on a key

Russian Fuel into Singapore Clouds Price Outlook

Singapore fuel oil stocks hit near two-year high. Fuel oil stocks stored in the oil hub of Singapore are the highest in nearly two years as soaring Russian supplies are diverted from Europe,

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